Klarna Group (KLAR) shares slumped 22% after the company cut its 2026 revenue outlook in Q2 results released Tuesday.

The company also said it has planned transitions for its chief financial officer and chief marketing officer, effective early 2027.

More than 26.6 million shares of the company traded intraday compared with a daily average of about 4.6 million.

B. Riley lowered its price target on Fabrinet (FN) to $598 from $635 while keeping the neutral rating following the company's results.

Shares sank 21%, with intraday trading volume rising to over 2.0 million from the stock's daily average of roughly 949,000.

Kulicke & Soffa Industries (KLIC) has appointed Raj Talluri as president and chief executive officer, starting Sept. 1, the company said late Monday. Talluri joins Kulicke & Soffa from Enovix (ENVX), where he most recently served as president and CEO.

Shares of Kulicke declined 10%, with intraday trading volume at over 482,000, versus a daily average of about 1.08 million.

Price: 91.02, Change: -10.75, Percent Change: -10.56